Status information for financial transactions
An electronic computing device receives a request from a third party for status information for a financial transaction. The request includes an identifier for the third party and an identifier for the financial transaction. The third party is authenticated using the identifier for the third party. A data store is queried using the identifier for the financial transaction to determine the status information for the financial transaction. Any contingency information associated with the financial transaction is updated. The status information and contingency information are returned to the third party.
1 . A method for obtaining information about a financial transaction, the method comprising:
requesting, by a third party, status information regarding the financial transaction, wherein the status information includes contingency information regarding the financial transaction;
allowing the status information including the contingency information to be associated with the third party;
allowing a data store to be updated with the status information including the contingency information;
periodically receiving, by the third party, the status information including the contingency information after a query is made to the data store; and
rendering, for the third party, the status information as a graphical timeline with coded milestones indicating whether the financial transaction is on-schedule or behind-schedule.
2 . The method of claim 1 , further comprising returning the status information and the contingency information to the third party.
3 . The method of claim 1 , wherein the contingency information includes information regarding two or more properties involved in the financial transaction, a sale of one or more of the two or more properties being contingent on a sale of another of the two or more properties.
4 . The method of claim 1 , wherein the status information includes a word, phrase or color that indicates an overall status of the financial transaction.
5 . The method of claim 1 , further comprising periodically sending additional status information to the third party, the additional status information including identifiers for each member of a third party organization that is associated with financial transactions corresponding to the status information.
6 . The method of claim 1 , wherein the third party is a third party organization.
7 . The method of claim 6 , wherein the requesting is received by a financial institution, and wherein the third party organization is one of a bar association and a builder association.
8 . The method of claim 7 , wherein the third party organization has a relationship with the financial institution such that the third party organization can access financial transaction information for its members.
9 . The method of claim 1 , wherein the contingency information is an appraisal at a required amount and completion and acceptance of a property inspection.
10 . An electronic computing device comprising:
a processing unit; and
system memory, the system memory including instructions which, when executed by the processing unit, cause the electronic computing device to:
request, by a third party, status information regarding a financial transaction, wherein the status information includes contingency information regarding the financial transaction;
allow the status information including the contingency information to be associated with the third party;
allow a data store to be updated with the status information including the contingency information;
periodically receive, by the third party, the status information including the contingency information after a query is made to the data store; and
rendering, for the third party, the status information as a graphical timeline with coded milestones indicating whether the financial transaction is on-schedule or behind-schedule.
11 . The electronic computing device of claim 10 , comprising further instructions which, when executed by the processing unit, cause the electronic computing device to return the status information and the contingency information to the third party.
12 . The electronic computing device of claim 10 , wherein the contingency information includes information regarding two or more properties involved in the financial transaction, a sale of one or more of the two or more properties being contingent on a sale of another of the two or more properties.
13 . The electronic computing device of claim 10 , wherein the status information includes a word, phrase or color that indicates an overall status of the financial transaction.
14 . The electronic computing device of claim 10 , comprising further instructions which, when executed by the processing unit, cause the electronic computing device to periodically send additional status information to the third party, the additional status information including identifiers for each member of a third party organization that is associated with financial transactions corresponding to the status information.
15 . The electronic computing device of claim 10 , wherein the third party is a third party organization.
16 . The electronic computing device of claim 15 , wherein the request is received by a financial institution, and wherein the third party organization is one of a bar association and a builder association.
17 . The electronic computing device of claim 16 , wherein the third party organization has a relationship with the financial institution such that the third party organization can access financial transaction information for its members.
18 . The electronic computing device of claim 10 , wherein the contingency information is an appraisal at a required amount and completion and acceptance of a property inspection.